ATLANTA, Aug. 29, 2016 /PRNewswire/ -- Southern
Company subsidiary Southern Power today announced the acquisition
of the 147-megawatt (MW) Grant Plains wind facility in Oklahoma from Apex Clean Energy.
"The acquisition of the Grant Plains wind facility is an
important step in strategically growing our renewable energy
portfolio," said Southern Power President and CEO Buzz Miller.
"This project aligns with our business model and underscores our
commitment to developing wind generation."
The Grant Plains wind facility will be located in Grant County, Oklahoma, and is expected to
utilize 64 wind turbines manufactured by Siemens. Grant Plains will
be Southern Power's third wind facility in Oklahoma, building on a portfolio that
includes the adjacent 151-MW Grant Wind facility and the 299-MW Kay
Wind facility, both also acquired from Apex with turbines produced
by Siemens. Grant Plains fits Southern Power's business strategy of
growing its wholesale business through the acquisition and
construction of generating assets substantially covered by
long-term contracts.
Apex Clean Energy is managing the construction and will operate
and maintain the facility upon completion. IEA Renewable Energy
Inc., a wholly owned subsidiary of Infrastructure and Energy
Alternatives, LLC, is serving as the engineering, procurement and
construction contractor. Construction began in the first quarter
this year, and the plant is expected to achieve commercial
operation in December 2016.
With the addition of the Grant Plains wind facility, Southern
Power owns more than 2,400 MW of renewable generation from 31
solar, wind and biomass facilities either announced, acquired or
under construction. Across its system, Southern Company has added
or announced more than 4,000 MW of renewable generation since
2012.
About Southern Power
Southern Power, a subsidiary of Southern Company, is a leading
U.S. wholesale energy provider meeting the electricity needs of
municipalities, electric cooperatives, investor-owned utilities and
other energy customers serving more than 40 million end users.
Southern Power and its subsidiaries own or have the rights to 40
facilities operating or under construction in 10 states with more
than 11,000 MW of generating capacity in Alabama, California, Florida, Georgia, Maine, Nevada, New
Mexico, North Carolina,
Oklahoma and Texas.
About Southern Company
Southern Company (NYSE: SO) is America's premier energy company,
with 44,000 MW of generating capacity and 1,500 billion cubic feet
of combined natural gas consumption and throughput volume serving 9
million electric and gas utility customers through its
subsidiaries. The company provides clean, safe, reliable and
affordable energy through electric utilities in four states,
natural gas distribution utilities in seven states, a competitive
generation company serving wholesale customers across America and a
nationally recognized provider of customized energy solutions, as
well as fiber optics and wireless communications. Southern Company
brands are known for excellent customer service, high reliability
and affordable prices that are below the national average. Through
an industry-leading commitment to innovation, Southern Company and
its subsidiaries are inventing America's energy future by
developing the full portfolio of energy resources, including
carbon-free nuclear, 21st century coal, natural gas,
renewables and energy efficiency, and creating new products and
services for the benefit of customers. Southern Company has
been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer,
recognized among the Top 50 Companies for Diversity by
DiversityInc, listed by Black Enterprise magazine as one of the 40
Best Companies for Diversity and designated a Top Employer for
Hispanics by Hispanic Network. The company has earned a National
Award of Nuclear Science and History from the National Atomic
Museum Foundation for its leadership and commitment to nuclear
development and is continually ranked among the top utilities in
Fortune's annual World's Most Admired Electric and Gas
Utility rankings. Visit our website at
www.southerncompany.com.
Cautionary Notes Regarding Forward-Looking
Statements:
Certain information contained in this release is
forward-looking information based on current expectations and plans
that involve risks and uncertainties. Forward-looking information
includes, among other things, statements concerning the
construction and subsequent operation of the Grant Plains Wind
Facility. Southern Company and Southern Power caution that
there are certain factors that can cause actual results to differ
materially from the forward-looking information that has been
provided. The reader is cautioned not to put undue reliance on this
forward-looking information, which is not a guarantee of future
performance and is subject to a number of uncertainties and other
factors, many of which are outside the control of Southern Company
and Southern Power; accordingly, there can be no assurance that
such suggested results will be realized. The following factors, in
addition to those discussed in each of Southern Company's and
Southern Power's Annual Reports on Form 10-K for the year
ended December 31, 2015, and subsequent securities filings,
could cause actual results to differ materially from management
expectations as suggested by such forward-looking information: the
ability to control costs and avoid cost overruns during the
development and construction of generating facilities, to construct
facilities in accordance with the requirements of permits and
licenses, and to satisfy any operational and environmental
performance standards, including the requirements of tax credits
and other incentives; and potential business strategies, including
acquisitions or dispositions of assets or businesses, which cannot
be assured to be completed or beneficial to Southern Company or
Southern Power. Southern Company and Southern Power expressly
disclaim any obligation to update any forward-looking
information.
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SOURCE Southern Company